NYSE:BFLY Butterfly Network (BFLY) Stock Forecast, Price & News $1.22 +0.06 (+5.17%) (As of 09/21/2023 ET) Add Compare Share Share Today's Range$1.13▼$1.3850-Day Range$1.17▼$2.6452-Week Range$1.13▼$5.30Volume5.40 million shsAverage Volume2.34 million shsMarket Capitalization$252.09 millionP/E RatioN/ADividend YieldN/APrice Target$5.42 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Butterfly Network MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside344.0% Upside$5.42 Price TargetShort InterestBearish16.03% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.67Based on 7 Articles This WeekInsider TradingSelling Shares$336,836 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.59) to ($0.52) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.49 out of 5 starsMedical Sector191st out of 961 stocksX - Ray Apparatus & Tubes Industry3rd out of 6 stocks 3.3 Analyst's Opinion Consensus RatingButterfly Network has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $5.42, Butterfly Network has a forecasted upside of 344.0% from its current price of $1.22.Amount of Analyst CoverageButterfly Network has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted16.03% of the float of Butterfly Network has been sold short.Short Interest Ratio / Days to CoverButterfly Network has a short interest ratio ("days to cover") of 14.2, which indicates bearish sentiment.Change versus previous monthShort interest in Butterfly Network has recently decreased by 6.72%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldButterfly Network does not currently pay a dividend.Dividend GrowthButterfly Network does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BFLY. Previous Next 3.7 News and Social Media Coverage News SentimentButterfly Network has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Butterfly Network this week, compared to 2 articles on an average week.Search Interest29 people have searched for BFLY on MarketBeat in the last 30 days. This is an increase of 12% compared to the previous 30 days.MarketBeat Follows24 people have added Butterfly Network to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Butterfly Network insiders have sold 1,760.97% more of their company's stock than they have bought. Specifically, they have bought $18,100.00 in company stock and sold $336,836.00 in company stock.Percentage Held by Insiders27.15% of the stock of Butterfly Network is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions41.73% of the stock of Butterfly Network is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Butterfly Network are expected to grow in the coming year, from ($0.59) to ($0.52) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Butterfly Network is -1.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Butterfly Network is -1.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioButterfly Network has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Butterfly Network (NYSE:BFLY) StockButterfly Network, Inc. develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+, a point-of-care ultrasound imaging device that connects with a smartphone, tablet, and hospital computer system; and Butterfly Blueprint, a system-wide ultrasound platform with Compass software that integrates into a healthcare system's clinical and administrative infrastructure. The company also provides Butterfly system, which includes probes, and related accessories and software subscriptions to healthcare systems, physicians, and healthcare providers through a direct sales force, distributors, and eCommerce channel. In addition, it offers cloud-based software solutions to healthcare systems, teleguidance, in-app educational tutorials, and formal education programs through its Butterfly Academy software, as well as clinical support and services. Butterfly Network, Inc. was founded in 2011 and is headquartered in Burlington, Massachusetts.Read More BFLY Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BFLY Stock News HeadlinesSeptember 21, 2023 | msn.comButterfly House free admission for 25th anniversarySeptember 21, 2023 | americanbankingnews.comButterfly Network (BFLY) vs. Its Competitors Critical ComparisonSeptember 21, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.September 21, 2023 | americanbankingnews.comButterfly Network (BFLY) & The Competition Head to Head ContrastSeptember 21, 2023 | americanbankingnews.comHead-To-Head Contrast: Butterfly Network (BFLY) and Its RivalsSeptember 14, 2023 | tmcnet.comButterfly Network Reports Success in Majority of U.S. Medical Schools; Includes Nation's Largest Medical School, Indiana University School of MedicineSeptember 14, 2023 | finance.yahoo.comButterfly Network Reports Success in Majority of U.S. Medical Schools; Includes Nation’s Largest Medical School, Indiana University School of MedicineSeptember 11, 2023 | americanbankingnews.comButterfly Network, Inc. (NYSE:BFLY) CTO Sells $21,713.64 in StockSeptember 21, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.September 9, 2023 | finance.yahoo.comInsider Sell: Andrei Stoica Sells 11,674 Shares of Butterfly Network Inc (BFLY)September 6, 2023 | finance.yahoo.comWith 37% ownership, Butterfly Network, Inc. (NYSE:BFLY) has piqued the interest of institutional investorsAugust 28, 2023 | msn.comButterfly Network: Will Pivot To AI Be Enough To Restart Growth?August 5, 2023 | finance.yahoo.comButterfly Network, Inc. (NYSE:BFLY) Q2 2023 Earnings Call TranscriptAugust 3, 2023 | businesswire.comButterfly Network launches “Butterfly Garden” AI Marketplace for custom AI applicationsAugust 3, 2023 | seekingalpha.comButterfly Network Q2 2023 Earnings PreviewAugust 3, 2023 | seekingalpha.comButterfly Network GAAP EPS of -$0.14 beats by $0.02, revenue of $18.49M beats by $0.48MAugust 3, 2023 | finance.yahoo.comButterfly Network launches "Butterfly Garden" AI Marketplace for custom AI applicationsAugust 3, 2023 | finance.yahoo.comButterfly Network Reports Second Quarter 2023 Financial ResultsAugust 3, 2023 | finance.yahoo.comButterfly Network, Inc. (BFLY) Reports Q2 Loss, Tops Revenue EstimatesJuly 17, 2023 | finance.yahoo.comButterfly Network, Inc. to Report Second Quarter 2023 Financial Results on August 3, 2023July 3, 2023 | finance.yahoo.comHere's Why We're Watching Butterfly Network's (NYSE:BFLY) Cash Burn SituationJuly 1, 2023 | seekingalpha.comBFLY.WS Butterfly Network Inc - Warrants (27/05/2025)June 16, 2023 | seekingalpha.comButterfly Network: Favoring Profits And A Possible Blueprint For AI GovernanceJune 5, 2023 | finance.yahoo.comShareholders in Butterfly Network (NYSE:BFLY) are in the red if they invested a year agoMay 12, 2023 | markets.businessinsider.comB.Riley Financial Reaffirms Their Buy Rating on Butterfly Network (BFLY)May 11, 2023 | msn.comButterfly Network: Q1 Earnings InsightsMay 11, 2023 | finance.yahoo.comButterfly Network, Inc. (BFLY) Reports Q1 Loss, Misses Revenue EstimatesSee More Headlines Receive BFLY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Butterfly Network and its competitors with MarketBeat's FREE daily newsletter. Email Address BFLY Company Calendar Last Earnings8/03/2023Today9/21/2023Next Earnings (Estimated)11/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry X - ray apparatus & tubes Sub-IndustryN/A SectorMedical Current SymbolNYSE:BFLY CUSIPN/A CIK1804176 Webwww.butterflynetwork.com Phone781-557-4800FaxN/AEmployees330Year FoundedN/APrice Target and Rating Average Stock Price Forecast$5.42 High Stock Price Forecast$9.50 Low Stock Price Forecast$2.25 Forecasted Upside/Downside+323.8%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.75) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-168,720,000.00 Net Margins-207.62% Pretax Margin-207.50% Return on Equity-48.49% Return on Assets-37.50% Debt Debt-to-Equity RatioN/A Current Ratio6.37 Quick Ratio4.47 Sales & Book Value Annual Sales$73.39 million Price / Sales3.60 Cash FlowN/A Price / Cash FlowN/A Book Value$1.62 per share Price / Book0.79Miscellaneous Outstanding Shares206,630,000Free Float150,533,000Market Cap$264.07 million OptionableOptionable Beta1.75 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesDr. Jonathan M. Rothberg Ph.D. (Age 59)Founder & Director Comp: $67.5kMs. Heather C. Getz CPA (Age 48)CPA, M.B.A., Exec. VP, CFO & COO Comp: $974.03kDr. Andrei G. Stoica Ph.D. (Age 50)Chief Technology Officer Comp: $993.63kMr. Joseph M. DeVivo (Age 56)CEO, Pres & Chairman Mr. David H. Ramsey (Age 53)Chief Information Officer Mr. Darius Shahida (Age 31)Chief Strategy Officer & Chief Bus. Devel. Officer Dr. John Martin F.A.C.S. (Age 64)M.B.A., M.D., Chief Medical Officer Mr. John S. Soto (Age 59)Sr. VP of International Sales More ExecutivesKey CompetitorsNuvation BioNYSE:NUVBSanara MedTechNASDAQ:SMTIMacroGenicsNASDAQ:MGNXNanobiotixNASDAQ:NBTXPMV PharmaceuticalsNASDAQ:PMVPView All CompetitorsInsiders & InstitutionsAndrei G StoicaSold 11,674 sharesTotal: $21,713.64 ($1.86/share)Joseph DevivoBought 10,000 shares on 8/30/2023Total: $18,100.00 ($1.81/share)Wolverine Trading LLCBought 58,300 shares on 8/23/2023Ownership: 0.000%California State Teachers Retirement SystemBought 22,317 shares on 8/21/2023Ownership: 0.083%Osaic Holdings Inc.Bought 28,263 shares on 8/21/2023Ownership: 0.082%View All Insider TransactionsView All Institutional Transactions BFLY Stock - Frequently Asked Questions Should I buy or sell Butterfly Network stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Butterfly Network in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BFLY shares. View BFLY analyst ratings or view top-rated stocks. What is Butterfly Network's stock price forecast for 2023? 3 equities research analysts have issued 12 month target prices for Butterfly Network's stock. Their BFLY share price forecasts range from $2.25 to $9.50. On average, they anticipate the company's share price to reach $5.42 in the next twelve months. This suggests a possible upside of 323.8% from the stock's current price. View analysts price targets for BFLY or view top-rated stocks among Wall Street analysts. How have BFLY shares performed in 2023? Butterfly Network's stock was trading at $2.46 on January 1st, 2023. Since then, BFLY stock has decreased by 48.0% and is now trading at $1.2780. View the best growth stocks for 2023 here. Are investors shorting Butterfly Network? Butterfly Network saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 23,740,000 shares, a decline of 6.7% from the August 15th total of 25,450,000 shares. Based on an average trading volume of 1,670,000 shares, the days-to-cover ratio is presently 14.2 days. Currently, 16.0% of the company's shares are short sold. View Butterfly Network's Short Interest. When is Butterfly Network's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023. View our BFLY earnings forecast. How were Butterfly Network's earnings last quarter? Butterfly Network, Inc. (NYSE:BFLY) issued its quarterly earnings results on Thursday, August, 3rd. The company reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.03. The firm had revenue of $18.49 million for the quarter, compared to analysts' expectations of $17.37 million. Butterfly Network had a negative trailing twelve-month return on equity of 48.49% and a negative net margin of 207.62%. What ETFs hold Butterfly Network's stock? ETFs with the largest weight of Butterfly Network (NYSE:BFLY) stock in their portfolio include Direxion Moonshot Innovators ETF (MOON), ARK Genomic Revolution ETF (ARKG) and Fidelity Digital Health ETF (FDHT).Global X Internet of Things Thematic ETF (SNSR). What guidance has Butterfly Network issued on next quarter's earnings? Butterfly Network updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $64.00M-, compared to the consensus revenue estimate of $77.64 million. What is Butterfly Network's stock symbol? Butterfly Network trades on the New York Stock Exchange (NYSE) under the ticker symbol "BFLY." Who are Butterfly Network's major shareholders? Butterfly Network's stock is owned by many different retail and institutional investors. Top institutional shareholders include ARK Investment Management LLC (6.25%), BlackRock Inc. (5.39%), State Street Corp (3.00%), Geode Capital Management LLC (1.40%), Cetera Investment Advisers (0.68%) and Northern Trust Corp (0.59%). Insiders that own company stock include Andrei G Stoica, Darius Shahida, David Perri, Heather C Getz, Joseph Devivo, Larry Robbins, Lawrence T Weiss, Mary Miller, Stacey Pugh, Stephanie Fielding, Todd Fruchterman and Troy Quander. View institutional ownership trends. How do I buy shares of Butterfly Network? Shares of BFLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Butterfly Network's stock price today? One share of BFLY stock can currently be purchased for approximately $1.28. How much money does Butterfly Network make? Butterfly Network (NYSE:BFLY) has a market capitalization of $264.07 million and generates $73.39 million in revenue each year. The company earns $-168,720,000.00 in net income (profit) each year or ($0.75) on an earnings per share basis. How many employees does Butterfly Network have? The company employs 330 workers across the globe. How can I contact Butterfly Network? Butterfly Network's mailing address is 530 OLD WHITFIELD STREET, GUILFORD CT, 06437. The official website for the company is www.butterflynetwork.com. The company can be reached via phone at 781-557-4800 or via email at investors@butterflynetwork.com. This page (NYSE:BFLY) was last updated on 9/21/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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